OIL PEC contract fate hangs in balance

Feb 08:
Oil India Ltd works in the sensitive North East of India, where Production Enhancement Contracts (PECs) is a politically sensitive issue8Oil India unions are opposed to the move. They have a disproportionate say in the entire region, with the chief minister, Sarbananda Sonowal directly involved in the politics of the area.8A decision has now been taken by OIL management to put off the PECs for sometimeFind out more